3 Stocks to Buy After the Coronavirus Crash
The reaction to COVID-19 has created an interesting situation because of how the panic over the pandemic in the markets managed to nuke so many stocks in such an indiscriminate way. There doesn't seem to be a lot of rhyme or reason for the sell-off. Many investors are making a fear-based escape from stocks into cash, without much regard to the quality of the stock being sold.
As a result, it presents a good opportunity for savvy investors to pick up some of their favorite equities on the cheap.
Here are three companies whose stock has been hammered hard. All three are down 40% or more, and all three companies are sitting on piles of cash to help get them through the downturn. One of them should actually see business escalate in this emergency, as people stay indoors and look for things to do. And when COVID-19 runs its course and the emergency subsides, all three stocks should quickly bounce back.
Source Fool.com
